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Stock Market & Financial Investment News

News Breaks
December 10, 2012
10:14 EDTCFNLCardinal Financial increases quarterly dividend to 5c per share
Cardinal Financial announced that its Board of Directors has declared an accelerated 1Q13 cash dividend and increased it to 5c per share. This 1c per share increase reflects a 25% increase from the previous quarter. This dividend will be paid on December 28 to shareholders of record as of the close of business on December 17.
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September 2, 2014
15:47 EDTCFNLCardinal Financial to acquire Virginia Heritage Bank branch
Cardinal Financial Corporation, the holding company of Cardinal Bank, announced that Cardinal Bank has signed a definitive agreement with EagleBank to acquire the current Gainesville, Virginia branch office of Virginia Heritage Bank. The Gainesville branch is being sold by EagleBank in connection with the pending Eagle Bancorp, Inc. and EagleBank acquisition of Virginia Heritage Bank, scheduled to close in Q4. With the acquisition, Cardinal Bank will take over the operations of the branch and assume approximately $59M in deposits. The deposit premium will be $195K for the deposits acquired. Upon completion of the purchase, Cardinal Bank will have 3 banking offices in the Prince William county and Manassas city market area. The acquisition is anticipated to be completed in Q4.

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